Basic Categories of E-commerce
Electronic commerce, commonly known as E-commerce or e-commerce, is trading in products or services using computer networks, such as the Internet. Electronic commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems.
Three basic categories of e-commerce: There are basically three categories of e-commerce.
These are as follows –
(1) Business to consumer: The business to consumer kind of e-commerce refers to a company selling its product or services to the consumer using the internet as the communication median is payment and payment are done through internet technology. Today, we find scores of electronic shopping sites and virtual stores on the web, that sell myriad products, ranging from computers, fashion items to even necessities.
(2) Business to business e-commerce: The business to business kind of e-commerce refers to a company selling or buying from other companies using the internet and payment is also done through the internet technology. These basically are conducted between companies and include conventional wholesalers and producers dealing with retailers.
(3) Consumer to consumer e-commerce: Consumer to consumer kind of e-commerce where a consumer can buy and sell with each other in an auction process at an auction website like e-buy. These are mainly conducted through a third party that provides an online platform for these transactions.
So, these are the basic categories of e-commerce.